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THORChain Announcements
Post-mortem: ETH Router Exploits 1 & 2, and premature Return To Trading Incident
* The exploits
* Fixes and network response
* 5 Pronged Recovery Plan.
* Liabilities and Treasury
* Mainnet
Read more:
https://medium.com/thorchain/post-mortem-eth-router-exploits-1-2-and-premature-return-to-trading-incident-2908928c5fb
MCCN Halted - Exploit Confirmed
During a live attack, the network has been halted. Approximately 4,000 ETH of value was extracted from the protocol.
While the treasury has the funds to cover the stolen amount, we request the attacker get in contact with the team to discuss return of funds and a bounty commensurate with the discovery.
Node operators, liquidity providers and swappers - Your funds will be available when the issue has been patched & the network resumes. Any in-progress swaps will be finalised at this time.
Problems like this highlight the resiliency of decentralized communities - Without any admin/dev intervention the community identified & halted THORChain within an hour. THORChain will emerge stronger after this attack.
More updates to follow.
(updated with new values)
Post-mortem: ETH Router Upgrade
The ERC-777 re-entrancy bug, trading halt, Router Upgrade, USDT rescue, return to solvency and operational, improvements
https://medium.com/thorchain/post-mortem-eth-router-upgrade-62ecddd2e5fe
#THORChads at the ready...
The @xdefi_io public release is now available via the chrome store!
The access code? "THORChad" 🐙🤝⚡️
http://shorturl.at/chtR0
#THORName Service Free registration is now open
Go to https://thorname.com and claim your #THORName
THORChain Weekly Dev Update for Week 93, 15–23 May
* MCCN V0.52.0,
* MCCN V0.53.1,
* BitcoinCash Bug,
* Midgard Continuous Aggregation,
* THORWallet, Community Updates
https://medium.com/thorchain/weekly-dev-update-93-826150fd1df5
Weekly Dev Update #91
THORChain Weekly Dev Update for Week 91, 30–06 May;
* Multichain Updates 0.49, 0.50, 0.51,
* Community Improvements,
* RUNEYield iOS Testflight app,
* RAISETHECAPS
https://medium.com/thorchain/weekly-dev-update-91-f6f1593c56a
THORChain Weekly Dev Update for Week 90, 20–29 Apr
* Chaosnet Stability,
* V0.45-V0.48 Fixes,
* Community Updates,
* XDEFI Integration
* Ledger
https://medium.com/thorchain/weekly-dev-update-90-30ad4d9e9df7
THORChain Multichain Chaosnet FUNDS CAP now set at 750k RUNE - $20m total funds.
Be safe, don't rush.
$RUNE #RAISETHECAPS
Discord server retired
Due to limited use and alternative options (LPU & thorswap), the THORChain discord has been retired.
None of the discord servers are operated by THORChain and the team encourages the community to self organise.
ASGARDEX
A minor network change was made which led to interfaces wrongly indicated the caps were raised. (they are not).
Do not add liquidity in the DESKTOP App, you will be refunded and waste gas. A new update will be pushed next monday to fix this.
Weekly Dev Update #89
THORChain Weekly Dev Update for Week 89, 04–19 Apr;
* Chaosnet Launch,
* Stability,
* Fixes
https://medium.com/thorchain/weekly-dev-update-89-33e4168905fa
https://medium.com/thorchain/thorchain-launch-multichain-chaosnet-bb9f60008a03
Читать полностью…
RUNEBridge
Reminder: The supplies of BNB.RUNE and ETH.RUNE will be locked in after MCCN launch and the bridge removed.
If you wish to switch, April is likely the final month of having the ability to do so.
Both BNB.RUNE and ETH.RUNE can be upgraded to THOR.RUNE after MCCN launch.
https://runebridge.org
Monthly Treasury Report - Mar 2021
The treasury comprises of $108m, funding protocol development, liquidity and paying out to community grants.
The protocol has 198m in RUNE reserves, worth $1.2bn.
Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-mar-2021-8383e7c367f5
MCCN Exploit Update
Loss:
Approx ~$4.9mm USD was taken in the exploit, far less than the intitial figures posted earlier. A granular breakdown is being developed by the community.
Method:
ETH Bifrost was tricked using a custom wrapper to read a deposit amount of 200 when it was actually zero. More details will be provided in the upcoming post mortem blog.
Discovery:
The issue was discovered by a community dev and anonymous nodes voluntarily used make halt command to stop their nodes. Once more than 1/3rd nodes had been halted, the network itself was halted. This was a decentralized action taken by node operators to protect the network.
Recovery:
1. Release the patch & restart the network > block pending outbounds > restore solvency.
2. Donate funds back to the ETH pool to restore lost funds to LPs
3. Release auto-solvency checker as a future preventative measure
4. Continue working with security firms to audit.
This is a disappointing moment for all, but LPs and Nodes should be unaffected after all is recovered (the funds will be restored). The network will be stronger and more resilient.
The THORChain community appreciate the inflow of support. More info to come in due course.
SCCN is halted
It is time to retire single chain chaosnet. The future is multi-chain.
LPs: please withdraw liquidity. The network will be shut down in 1 week.
Monthly Treasury Report — June 2021
The treasury comprises of $109m, funding protocol development, liquidity and paying out to community grants. The protocol has 190m in RUNE reserves. Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-june-2021-cb9f59b62d71
THORChain Weekly Dev Update for Week 94, 24–31 May;
* MCCN V0.53.1, MCCN V0.53.2, MCCN V0.54.0, Midgard 2.1.1,
* DragonsDex debut,
* Megingjoro debut,
* DecentralFi updates,
* GrassRootsCrypot new videos
https://medium.com/thorchain/weekly-dev-update-94-2209d662e955
THORChain Launches THORName Service
FOR RELEASE: The world’s first cross-chain liquidity protocol will launch a multi-chain address service
Pre-register your twitter handle, and learn more:
https://medium.com/thorchain/thorchain-launches-thorname-service-abe42ba11df8
Weekly Dev Update #92
THORChain Weekly Dev Update for Week 91, 30–06 May; Multichain Updates 0.51, SCCN Update 0.19.3, 0.19.4, THORWallet, THORNameCom, THORChainTools, updates to explorers and more
https://medium.com/thorchain/weekly-dev-update-92-88150c87f56
Monthly Treasury Report - Apr 2021
The treasury comprises of $244m, funding protocol development, liquidity and paying out to community grants.
The protocol has 192m in RUNE reserves, worth $2.8bn.
Planned Obsolescence July 2022.
https://medium.com/thorchain/monthly-treasury-report-apr-2021-3d0d864f8c31
Caps have been hit, Midgard crashed.
Pls do not add any more funds, else you will get refunded.
$RUNE
RAISETHECAPS
The CAP Raise will be completed inside the next hour.
1) Get your funds ready
2) Preferably use @xdefi_wallet or a fully-backed up keystore
3) You can use any of @thorswap @asgardex (web) or @VANAHEIMEX
Do not rush. Take your time.
⚡️⚡️ EXCLUSIVE ACCESS TO XDEFI WALLET⚡️⚡️
As you know, THORChain has been working with the team at XDEFI Wallet since they first began. The team is now giving exclusive access to their private beta for THORChain community members.
They are releasing a new version of their product for Monday that will allow you to:
➡️ Store your native RUNE
➡️ Connect and interact with asgard.exchange
What do you need to do to gain access by Monday?
👉 Confirm your gmail address via the following link: https://forms.gle/TVmW4FDa3SBGmuJj9
👉 Join their telegram channel to keep up to date with their announcements:
/channel/xdefi_io
👉 Read the email they’ve sent you carefully and follow the instructions for access
Only 2,000 of you will be able to gain access for now. Don't miss out, register your address and get ready for Chaos!
RUNEBridge Is Retired
With the option to upgrade BNB.RUNE and ETH.RUNE to THOR.RUNE the bridge is now retired.
Note: Since upgrading is one-way, the price of all three assets may not fully be in-sync. Users who wish to buy/sell RUNE should take this into account. Exchanges will be pushed to upgrade to THOR.RUNE into the future.
There is no rush to upgrade, as more wallets come on board to support THOR.RUNE, your options for storing the asset will become more diverse.
Adding Liquidity Issues
In some interfaces, a wallet bug caused RUNE transactions to fail (will be fixed). As a result, some LPs are in "pending". THe interfaces don't yet scan for pending balances (they soon will).
If you are worried, simply search for your address here (there is a link for each pool, just amend it in your browser).
If you are "pending" you will see a pending balance and TXID. If you are pending, simply attempt a SYMM ADD again.
https://thornode.thorchain.info/thorchain/pool/BTC.BTC/liquidity_providers
Weekly Dev Update #88
THORChain Weekly Dev Update for Week 88, 29–03 Apr; Tweaks to State Machine, Community Updates, Preparation for Chaosnet.
https://medium.com/thorchain/weekly-dev-update-88-3606429ff835
Weekly Dev Update #87
THORChain Weekly Dev Update for Week 87, 22–28 Mar; * GasRate Oracle,
* Succesful Hard Fork,
* Community Updates,
* Synthetic Swapping App,
* V0.0.8 ASGARDEX released.
https://medium.com/thorchain/weekly-dev-update-87-21d43d349bd9
IL Protection
Paid into 10 sushiswap pools.
Total RUNE Payout: 6520
$WETH, $USDT, $SUSHI, $SNX, $AAVE, $YFI, $CREAM, $ALPHA, $PERP, $LUNA